Colony Capital Inc. acquired a new stake in shares of Prologis Inc (NYSE:PLD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,500 shares of the real estate investment trust’s stock, valued at approximately $1,381,000. Prologis comprises 1.3% of Colony Capital Inc.’s holdings, making the stock its 23rd largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLD. Synovus Financial Corp grew its position in shares of Prologis by 13.7% during the 4th quarter. Synovus Financial Corp now owns 10,259 shares of the real estate investment trust’s stock valued at $910,000 after acquiring an additional 1,240 shares during the period. State of Tennessee Treasury Department grew its position in shares of Prologis by 2.4% during the 4th quarter. State of Tennessee Treasury Department now owns 751,162 shares of the real estate investment trust’s stock valued at $66,959,000 after acquiring an additional 17,916 shares during the period. Rational Advisors LLC grew its position in shares of Prologis by 36.6% during the 4th quarter. Rational Advisors LLC now owns 2,089 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 560 shares during the period. Pendal Group Ltd grew its position in shares of Prologis by 7.0% during the 4th quarter. Pendal Group Ltd now owns 101,902 shares of the real estate investment trust’s stock valued at $9,084,000 after acquiring an additional 6,700 shares during the period. Finally, Gerber Kawasaki Wealth & Investment Management grew its position in shares of Prologis by 35.0% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 33,240 shares of the real estate investment trust’s stock valued at $2,963,000 after acquiring an additional 8,610 shares during the period. Institutional investors and hedge funds own 95.40% of the company’s stock.

PLD has been the topic of a number of analyst reports. Citigroup raised their target price on Prologis from $86.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Zacks Investment Research upgraded Prologis from a “hold” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, January 20th. BTIG Research raised their target price on Prologis from to and gave the company a “buy” rating in a research report on Monday, January 6th. Edward Jones cut Prologis from a “buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Robert W. Baird lifted their price objective on Prologis from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $96.79.

PLD stock opened at $96.93 on Friday. The company has a current ratio of 0.53, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46. Prologis Inc has a 12-month low of $68.96 and a 12-month high of $97.35. The stock has a market cap of $61.23 billion, a price-to-earnings ratio of 39.24, a PEG ratio of 4.26 and a beta of 1.02. The business’s 50-day moving average is $92.35 and its 200 day moving average is $87.82.

Prologis (NYSE:PLD) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $728.00 million for the quarter, compared to analysts’ expectations of $727.32 million. Prologis had a return on equity of 6.08% and a net margin of 47.23%. Prologis’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. As a group, equities analysts forecast that Prologis Inc will post 3.72 EPS for the current fiscal year.

About Prologis

Prologis, Inc is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2018, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 768 million square feet (71 million square meters) in 19 countries.

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Institutional Ownership by Quarter for Prologis (NYSE:PLD)

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